Analysts’ Recent Ratings Changes for S&P Global (SPGI)

S&P Global (NYSE: SPGI) has recently received a number of price target changes and ratings updates:

  • 10/30/2019 – S&P Global had its “outperform” rating reaffirmed by analysts at William Blair.
  • 10/30/2019 – S&P Global had its price target raised by analysts at Morgan Stanley from $257.00 to $271.00. They now have an “equal weight” rating on the stock.
  • 10/30/2019 – S&P Global had its price target raised by analysts at UBS Group AG from $301.00 to $314.00. They now have a “buy” rating on the stock.
  • 10/30/2019 – S&P Global had its price target raised by analysts at BMO Capital Markets to $266.00.
  • 10/7/2019 – S&P Global had its price target lowered by analysts at Morgan Stanley from $262.00 to $257.00. They now have an “equal weight” rating on the stock.
  • 9/27/2019 – S&P Global was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

S&P Global stock traded up $0.56 during trading hours on Monday, reaching $263.45. 155,564 shares of the company’s stock traded hands, compared to its average volume of 996,906. The firm’s 50 day moving average is $250.93 and its 200-day moving average is $240.66. S&P Global Inc has a fifty-two week low of $156.68 and a fifty-two week high of $269.57. The firm has a market capitalization of $63.54 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 2.77 and a beta of 1.07. The company has a debt-to-equity ratio of 8.91, a quick ratio of 1.10 and a current ratio of 1.10.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $2.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.34 by $0.12. The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.65 billion. S&P Global had a net margin of 32.22% and a return on equity of 448.14%. The business’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.11 EPS. Analysts predict that S&P Global Inc will post 9.38 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Monday, November 25th. S&P Global’s dividend payout ratio (DPR) is presently 26.82%.

In other S&P Global news, CFO Ewout L. Steenbergen sold 1,760 shares of S&P Global stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $254.56, for a total value of $448,025.60. Following the completion of the sale, the chief financial officer now directly owns 8,534 shares in the company, valued at $2,172,415.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Nicholas Cafferillo sold 3,219 shares of S&P Global stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $257.90, for a total transaction of $830,180.10. Following the completion of the sale, the chief technology officer now owns 2,707 shares of the company’s stock, valued at $698,135.30. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of SPGI. San Francisco Sentry Investment Group CA increased its holdings in S&P Global by 2.1% in the 2nd quarter. San Francisco Sentry Investment Group CA now owns 2,161 shares of the business services provider’s stock valued at $492,000 after buying an additional 45 shares during the period. Pearl River Capital LLC increased its holdings in S&P Global by 8.9% in the 2nd quarter. Pearl River Capital LLC now owns 549 shares of the business services provider’s stock valued at $125,000 after buying an additional 45 shares during the period. Northwestern Mutual Investment Management Company LLC increased its holdings in S&P Global by 0.5% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 9,379 shares of the business services provider’s stock valued at $2,298,000 after buying an additional 45 shares during the period. Private Capital Group LLC increased its holdings in S&P Global by 13.9% in the 2nd quarter. Private Capital Group LLC now owns 419 shares of the business services provider’s stock valued at $85,000 after buying an additional 51 shares during the period. Finally, Psagot Investment House Ltd. increased its holdings in S&P Global by 0.4% in the 2nd quarter. Psagot Investment House Ltd. now owns 12,573 shares of the business services provider’s stock valued at $2,864,000 after buying an additional 53 shares during the period. Institutional investors and hedge funds own 83.26% of the company’s stock.

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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